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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

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Global clean energy investment was $67.8 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). But the market looks increasingly crowded and consolidation is likely. —Colin McKerracher.

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California agencies release report charting path to 100% clean electricity; need to triple grid capacity by 2045

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The report is the initial analysis called for in Senate Bill 100 (SB 100, De León, Chapter 312, Statutes of 2018), the state’s policy requiring that renewable and zero-carbon energy resources supply 100% of electric retail sales to customers by 2045. A clean electricity grid is necessary to achieve economywide carbon neutrality.

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T&E: Electric bus orders in Europe more than doubled to 1,031 units in 2017; ~9% share of new registrations

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T&E estimates this to be equivalent to around 9% market share of new registrations in 2018. The are currently about 1,600 electric buses are on European roads, with another 1,600 on order (as of mid-2018). VDL: 500 units. Solaris: 330 units.

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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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DOE awards Core Power and MIT Energy Initiative funding for floating nuclear power research project

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DOE earlier announced its intention to fund and develop regional clean hydrogen hubs (H2Hubs) across America, one of which must be powered by nuclear. In 2021, the DOE also launched the Hydrogen Shot to cut the cost of clean hydrogen to $1 per 1 kilogram of clean hydrogen in 1 decade, nicknamed 1-1-1.

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Market Update: How Battery Pack Costs Declined Since 2008

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The cost of battery packs has been a significant factor in the adoption of these technologies, and recent developments show that we’re moving in the right direction as prices drop. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

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